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Passive global funds, algos may have magnified market crash

ETFs are similar to index funds, except that these may be bought and sold on the exchanges. They're preferred by institutional investors

Topics
Exchange-traded funds | ETFs | Bharat Bond ETF

Ashley Coutinho  |  Mumbai 

The sell-off from passive global funds and algo-driven strategies may have exacerbated the market crash witnessed in the past few sessions. Nearly two-thirds of the $4.6 billion of net selling in Indian equities by foreign portfolio investors (FPIs) from February 19 till now came from passive funds, estimates a report by Emkay Global Financial Services.

The estimates are based on the study of about 200 exchange traded funds (ETFs) with assets under management of $1.5 trillion that have an average India allocation of 9 per cent. During this period, these ETFs saw outflows of $25 ...

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First Published: Tue, March 17 2020. 00:03 IST
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